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Dec 10, 2012
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that leaves us for the right thing which is some tax increases and some cuts in long-term benefits, medicare, social security, and so on. >> in which case and i hate saying this because it obviously shoots ourselves in the foot. are you advocating turn off the tv, turn off the noise, keep your investment goals focused and don't listen to the vagaries of what's coming out of washington? >> i would not listen to the vagaries of what's coming out of washington nor would i listen to the vagaries of what goes on in the stock market. everything goes up and down each day. and today it's natural gas prices. and tomorrow it'll be something else and day after will be something else. if you could just discipline yourself as an investor. i'm speaking now to the individual investors of our k n count country. don't pay a lot of attention to the short-term noise. focus on the long-term. you'll save yourselves a lot of transaction cost. and just realize that in the markets out there, the financial system is a drag on market return. because we're trading with one another, for heaven's sake. trades don't happ
that leaves us for the right thing which is some tax increases and some cuts in long-term benefits, medicare, social security, and so on. >> in which case and i hate saying this because it obviously shoots ourselves in the foot. are you advocating turn off the tv, turn off the noise, keep your investment goals focused and don't listen to the vagaries of what's coming out of washington? >> i would not listen to the vagaries of what's coming out of washington nor would i listen to the...
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Dec 4, 2012
12/12
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let's talk medicare. >> medicare is on the table. we've put $ 155 billion worth of cuts in play for hospitals as part of the affordable care act. we recognize to cut a deal, medicare is probably on the table. but there are cuts that make sense and cuts that don't make sense. cutting graduate medical education, the training of our residents, makes no sense. we need more doctors in the future, why would you cut that payment? >> and already we're seeing fewer and fewer doctors, right? because they're not getting paid what they thought they would or what they were so many years ago. >> exactly. we've expanded medical student slots. we need to expand residency slots, not cut resident education. having said that, they have to look at cost of living increases in medicare. i do think we have to look at means testing in medicare. if the medicaid drug rebate was applied to medicare, that would net moneys. there are ways we can solve this. the republicans and the democrats both know that. they ought to come together and solve this issue. >> do
let's talk medicare. >> medicare is on the table. we've put $ 155 billion worth of cuts in play for hospitals as part of the affordable care act. we recognize to cut a deal, medicare is probably on the table. but there are cuts that make sense and cuts that don't make sense. cutting graduate medical education, the training of our residents, makes no sense. we need more doctors in the future, why would you cut that payment? >> and already we're seeing fewer and fewer doctors, right?...
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and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more qlity time to share th the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ is unique. every g and there is one store that recognizes it. the sleep nuer store. the only place in the rld you'll find the extraordinarily comfortable...
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what kind of impact will government spending on things like medicare, social security, i mean, do you think it has gotten out of control? >> it is scheduled to go up by several percentage of gdp over the next couple decades. that had to be turned around. i think that everyone recognizes that is were spending control has to be focused on if we are to avoid much higher tax rates or an explosive national that. i think it is clear that the republicans are saying we will only go along with higher tax revenue, not higher tax rate, but revenue, if the administration will come forward with some plans to slow the growth of spending. lori: all of this going on against the backdrop where we have had low inflation. the fed has promised these low record rates all the way through 2013. what happens if we do get a situation where the fiscal cliff does involve higher taxes? you have higher taxes, a slowing economy and baby inflation. what do you think, will it start to kick in click select this is a recipe for disaster >> the accumulation of excess reserves in the commercial banks that right now are
what kind of impact will government spending on things like medicare, social security, i mean, do you think it has gotten out of control? >> it is scheduled to go up by several percentage of gdp over the next couple decades. that had to be turned around. i think that everyone recognizes that is were spending control has to be focused on if we are to avoid much higher tax rates or an explosive national that. i think it is clear that the republicans are saying we will only go along with...